How to Withdraw Money From Your Robinhood Account
How to move money out of Robinhood
To withdraw money from Robinhood, you link a bank account, request the transfer through the app or website, and wait for the funds to arrive — usually one to three business days. Robinhood does not charge withdrawal fees. The process differs slightly depending on whether you are withdrawing cash you have not yet invested, proceeds from sold positions, or dividends and interest earned in your account.
You can only withdraw to a bank account in your own name that you have already connected to Robinhood. The app will not let you send money to someone else's bank account, a wire transfer address, or a payment service like PayPal or Venmo.
Key Takeaways
- Withdrawals go only to a bank account you have already linked to your Robinhood profile, and the transfer takes one to three business days.
- You must sell any stocks, options, or crypto before you can withdraw the proceeds — Robinhood will not sell positions for you.
- Cash held in your account (from deposits, dividends, or sales) can be withdrawn immediately, but unsettled cash from recent stock sales may have a two-day hold.
- If you have a margin account with borrowed money, you must pay back the loan before withdrawing more than your core deposit.
Linking a bank account for withdrawals
Open the Robinhood app or website and go to your Account menu. Select "Transfers" or "Banking," then choose "Add a Bank Account." Robinhood will ask for your bank's routing number, your account number, and confirmation that the account is in your name. You can find your routing number on your bank's website or by calling customer service.
Robinhood verifies new bank accounts by making two small deposits (usually under $1 each) to your bank account within one to two business days. Check your bank statement, then return to Robinhood and enter the exact amounts of those deposits to confirm ownership. Only after verification can you withdraw to that account.
If you have already linked a bank account for deposits, you can use the same account for withdrawals without re-verifying.
Withdrawing unsettled cash and recent sales
When you sell a stock, the cash does not become available to withdraw immediately. Under Securities and Exchange Commission rules, stock sales settle after two business days. During those two days, the cash sits in your account but is marked as "unsettled" and cannot be withdrawn.
If you have a standard cash account (not a margin account), you cannot withdraw unsettled cash. You must wait for the two-day settlement period to end. If you try to withdraw before settlement completes, Robinhood will reject the request or allow you to withdraw only settled cash.
Dividends and interest earned in your account are settled immediately and can be withdrawn right away. Cash from deposits you made is also available to withdraw as soon as it arrives in your Robinhood account, which is usually the same day for bank transfers.
Selling positions before you can withdraw
If your money is tied up in stocks, options, cryptocurrency, or other investments, you must sell those positions first. Robinhood will not sell them for you when you request a withdrawal. You have to initiate each sale manually through the app or website.
Open each position you want to close, select "Sell," choose how many shares or contracts to sell, and confirm the order. The sale executes at the market price at that moment. Once the sale settles (two business days for stocks), the cash becomes available to withdraw.
If you hold fractional shares, you can sell them the same way as whole shares. Robinhood will sell the exact fraction you own.
Withdrawals from margin accounts
If you have a margin account and have borrowed money from Robinhood to buy investments, your withdrawal options are limited. You can only withdraw cash that exceeds the amount you owe Robinhood. If you have borrowed $5,000 and have $8,000 in your account, you can withdraw only $3,000.
To increase the amount you can withdraw, you must deposit more cash or sell positions to pay down the loan. Robinhood charges interest on borrowed money, and that interest accrues daily. The longer you carry a margin balance, the more interest you owe, which reduces the amount available to withdraw.
If your account value drops and your margin balance grows relative to your holdings, Robinhood may issue a margin call requiring you to deposit cash or sell positions immediately to bring your account back into compliance.
How long withdrawals take
After you request a withdrawal, Robinhood sends the money to your bank. The transfer itself usually takes one to three business days, depending on your bank's processing speed. Some banks credit transfers the same day; others take the full three days.
Weekends and bank holidays add to the timeline. A withdrawal requested on Friday may not arrive until Tuesday or Wednesday. If you request a withdrawal after market hours or on a weekend, Robinhood processes it on the next business day.
You can check the status of a pending withdrawal in the Transfers section of your account. Robinhood will show you when the transfer was initiated and when it is expected to arrive.
Partial and full account withdrawals
You can withdraw any amount up to your available cash balance. There is no minimum withdrawal, and you can make multiple withdrawals in a single day if you need to. Each withdrawal is processed separately and may arrive at different times.
If you want to close your Robinhood account entirely, you must first withdraw all cash and sell all positions. Robinhood does not automatically liquidate your holdings when you close an account. Once your account balance reaches zero, you can request account closure through the Account settings menu.
Frequently Asked Questions
Can I withdraw money if I have pending stock orders?
Yes. Pending orders do not lock your cash. You can withdraw available cash even if you have open buy or sell orders. If a pending buy order executes after you withdraw, the purchase will fail if you do not have enough cash in your account.
What happens if I request a withdrawal and then change my mind?
If the withdrawal has not yet left Robinhood (usually within a few hours of your request), you may be able to cancel it through the Transfers section. Once the money has been sent to your bank, you cannot cancel it through Robinhood — you must contact your bank to reverse an incoming transfer.
Do I pay taxes when I withdraw money from Robinhood?
Withdrawing cash itself does not trigger taxes. However, when you sell investments at a profit, that gain is taxable in the year of the sale, regardless of whether you withdraw the money. Robinhood sends you a tax document (Form 1099) each year listing all your sales and gains.
Can I withdraw to a different bank account than the one I used to deposit?
Yes. You can link multiple bank accounts to Robinhood and withdraw to any of them. Each new account must be verified with the two-deposit method before you can use it for withdrawals.
What if my bank rejects the incoming transfer?
If your bank rejects a withdrawal for any reason, the money returns to your Robinhood account within a few business days. Common rejection reasons include a closed account, a name mismatch, or a frozen account. Contact your bank to resolve the issue, then request the withdrawal again.